When money is used to express the value of goods and services, it is functioning as a
A) medium of exchange. B) store of value.
C) store of purchasing power. D) unit of account.
D
Economics
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Gross investment equals
A) net investment - depreciation + change in inventories. B) net investment + depreciation. C) net investment + change in inventories. D) depreciation + change in inventories.
Economics
If an economy is operating at a point inside the production possibilities curve, then
A) society's resources are being inefficiently utilized. B) the curve will move to the left. C) society's resources are being used to produce too many consumer goods. D) economic policy must implemented to slow growth of the economy further.
Economics